BILL NUMBER: AB 1131	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 22, 2013

INTRODUCED BY   Assembly Member Skinner

                        FEBRUARY 22, 2013

   An act to amend Sections  26070,  26073, 26080, and 26081
of the Public Resources Code, relating to energy, and making an
appropriation therefor.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 1131, as amended, Skinner. Energy: renewable energy and energy
efficiency projects: financial assistance.
   (1) Existing law authorizes local governments to assist property
owners to finance the installation of distributed generation
renewable energy sources, electric vehicle charging infrastructure,
or energy or water efficiency improvements through the issuance of
bonds that are secured by a voluntary contractual assessment on
property (PACE bonds). Existing law requires the California
Alternative Energy and Advanced Transportation Financing Authority to
develop and administer a program to reduce the overall costs to
property owners of PACE bonds by providing a reserve of no more than
10% of the initial principal amount of the PACE bonds. Existing law
requires the authority to administer a Clean Energy Upgrade Program
to reduce overall costs to property owners of a loan provided by a
financial institution to finance the installation of distributed
generation renewable energy sources, electric vehicle charging
infrastructure, or energy or water efficiency improvements that are
permanently fixed to real property by providing a reserve or other
financial assistance at a level to be determined by the State Energy
Resources Conservation and Development Commission and the authority.
Existing law, until January 1, 2015, appropriates up to $50,000,000
from the Renewable Resource Trust Fund for the above purposes.
Existing law requires the authority, until January 1, 2015, to submit
a report to the Legislature regarding the implementation of the
above programs.
   This bill would extend that appropriation and the reporting
requirement to January 1, 2017.
   (2)  Existing law requires the authority to administer the
Clean Energy Upgrade Program to provide loans for energy-related
improvements for a   residential project of 3 units or fewer
or energy-related commercial projects that cost less than $25,000.
 Existing law requires the authority, in evaluating the
eligibility of a loan program for the Clean Energy Upgrade Program,
to consider, among other things, whether the loans made under the
loan program are for less than 10% of the value of the property.
   This bill would  expand the Clean Energy Upgrade Program to
provide financial assistance for residential projects eligible for
the program to 4 units or fewer and for energy-related projects for
mobilehomes and would  delete  that consideration
  requirement that the authority consider whether the
loan is for less than 10%   of the value of the property
 . By expanding the eligibility of loan programs under the Clean
Energy Upgrade Program, this bill would make an appropriation.
   Vote: 2/3. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

   SECTION 1.    Section 26070 of the   Public
Resources Code   is amended to read: 
   26070.  The authority shall administer a Clean Energy Upgrade
Program to reduce overall costs to the property owners of a loan
provided by an applicant to finance the installation of distributed
generation renewable energy sources, electric vehicle charging
infrastructure, or energy or water efficiency improvements that are
permanently fixed to real property by providing a reserve or other
financial assistance at a level to be determined by the State Energy
Resources Conservation and Development Commission and the authority.
Improvements financed pursuant to this program shall be for a
residential project of  three   four  units
or fewer  ,   a project for a mobilehome, as defined in
Section 18008 of the Health and Safety Code,  or a commercial
project that costs less than twenty-five thousand dollars ($25,000)
in total.
   SECTION 1.   SEC. 2.   Section 26073 of
the Public Resources Code is amended to read:
   26073.  (a) In evaluating eligibility, the authority shall
consider whether the applicant's loan program includes the following
conditions:
   (1) Loan recipients are legal owners of underlying property.
   (2) Loan recipients are current on mortgage and property tax
payments.
   (3) Loan recipients are not in default or in bankruptcy
proceedings.
   (4) The program offers financing for energy and water efficiency
improvements.
   (5) Improvements financed by the program follow applicable
standards of energy efficiency retrofit work, including any
guidelines adopted by the State Energy Resources Conservation and
Development Commission.
   (b) In evaluating an application, the authority shall consider all
of the following factors:
   (1) The use by the loan program of best practices, adopted by the
authority, to qualify eligible properties for participation in
underwriting the loan program.
   (2) The cost efficiency of the applicant's loan program.
   (3) The projected number of jobs created by the loan program.
   (4) The applicant's loan program requirements for quality
assurance and consumer protection, as related to achieving efficiency
and clean energy production, in accordance with the standards
developed pursuant to subdivision (b) of Section 26072.
   (5) The mechanisms by which savings produced by this program are
passed on to the property owners.
   (6) Any other factors deemed appropriate by the authority.
   (c) The authority may approve a loan program that offers financing
for electric vehicle charging infrastructure if the electric vehicle
charging infrastructure is part of a project to install energy
efficiency improvements and distributed generation renewable energy
resources and is designed so that the project does not increase peak
energy demand.
   SEC. 2.   SEC. 3.   Section 26080 of the
Public Resources Code is amended to read:
   26080.  (a) Until January 1, 2017, an amount of up to fifty
million dollars ($50,000,000) from the Renewable Resource Trust Fund,
established pursuant to Section 25751, is hereby appropriated to the
authority for the purposes of this chapter. The moneys appropriated
shall remain in the Renewable Resource Trust Fund until the funds are
needed by the authority pursuant to this chapter.
   (b) Of the moneys appropriated in subdivision (a), up to five
hundred fifty thousand dollars ($550,000) may be expended by the
authority for the initial administrative costs in implementing this
chapter.
   (c) All repayments of moneys disbursed pursuant to this chapter
shall be deposited into the Renewable Resource Trust Fund.
   SEC. 3.   SEC. 4.   Section 26081 of the
Public Resources Code is amended to read:
   26081.  (a) On March 31, 2011, and annually thereafter, the
authority shall submit to the Legislature a report pursuant to
Section 9795 of the Government Code on all of the following:
   (1) The status of the account.
   (2) A summary of the PACE bonds that received assistance pursuant
to Article 2 (commencing with Section 26060) and a summary of the
loans that received assistance pursuant to Article 3 (commencing with
Section 26070).
   (3) A summary of the benefits provided by this division, including
reduced interest rates on the PACE bonds or on loans receiving
assistance pursuant to this division.
   (4) The number of jobs created by the PACE programs or loans that
received assistance pursuant to this chapter.
   (5) Information on energy and water savings resulting from the
PACE programs or loans that received assistance pursuant to this
chapter.
   (6) Other information deemed appropriate by the authority.
   (b) This section shall remain in effect only until January 1,
2017, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2017, deletes or extends
that date.